Two projects by enterprises in the China (Shandong) Pilot Free Trade Zone Qingdao Area (Qingdao FTZ) recently won awards at the 2023 National BIM (Building Information Modeling) Competition, which aims to promote the application of BIM technology in China.
The eastern coastal city of Qingdao, Shandong province saw its foreign trade surge 9.2 percent year-on-year to reach 430.51 billion yuan ($60.08 billion) in the first half of this year, local customs authorities said.
The China (Shandong) Pilot Free Trade Zone Qingdao Area (Qingdao FTZ), a thriving hub for economic innovation and international trade, was recently recognized as a top-performing zone in the 2023 China Assessment Report on High-quality Development.
Qingdao has demonstrated a high standard of wealth management and financial development over the past several years, business insiders said.
Femto, a Qingdao-based cross-border e-commerce company, and JD International, a renowned cross-border e-commerce platform, on June 29 signed an agreement to build the first Mongolia cross-border national pavilion in China.
The Qingdao Customs recently launched 30 measures to improve the business environment, facilitate cross-border trade, keep industrial and supply chains secure and smooth, and promote steady and solid progress in regional economic recovery.
China's new policy measures relating to free trade areas, which were announced on Thursday, will better leverage international and domestic markets as well as resources and promote high-quality development, senior officials said on Friday.
The Qingdao area of the China (Shandong) Pilot Free Trade Zone, or Qingdao FTZ, is currently in the midst of a campaign to optimize its business environment to attract more foreign investment.
China (Shandong) Pilot Free Trade Zone Qingdao Area
